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Question 5 5 pts Leverage Inc. borrowed $250,000 on April 1. The note requires interest at 6% and principal to be paid in one year.

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Question 5 5 pts Leverage Inc. borrowed $250,000 on April 1. The note requires interest at 6% and principal to be paid in one year. Leverage's fiscal year end is December 31. Which of the following is correct regarding this note? Leverage will need to make a year-end adjusting entry involving a credit to Interest Payable for $10,000 O Leverage will need to make a year end adjusting entry involving a credit to Interest Payable for $15,000 O Leverage will need to make a year end adjusting entry involving a credit to discount on notes payable. None of these are correct Leverage will need to make a year-end adjusting entry involving a credit to Interest Payable for $11.250

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